ATN Holdings Inc. on Thursday said it has set a sales target of P1 billion in 2021 and 2022 as the government’s infrastructure program is expected to go into high gear during the remaining years of the Duterte government.
Arsenio T. Ng, the company’s chairman and CEO, said sales will be derived from a combination of rock aggregates, pre-mixed concrete and boulders.
“Our finished products meet the stringent criteria of quadruple A-rated contractors after passing rigorous multiple testing standards with specific gravity of 2.7 and above, for its premium basalt rocks as conducted by international technical experts on rock quality,” Ng said.
“The government’s ‘Build, Build, Build’ program has been tagged as a key strategic driver of economic recovery. Infrastructure spending carries massive multiplier effect in terms of jobs generation, commerce, trade, logistics and direct investments. All of which will allow us to strengthen our ability to withstand the prolonged impact of Covid-19, despite three positive vaccine development from the United States and Europe.”
Among the identified projects include the P350-billion Metro Manila Subway (phase 1), the P23-billion NLEX-SLEX Connector Road, the P735-billion international airport in Bulacan and the planned P100-billion reclamation initiatives in Luzon.
ATN earlier said it commenced delivery of top-quality rock aggregates for the Tutuban-Malolos segment of the P628-billion North-South Commuter Railway Extension, which will link New Clark City to Laguna.
Based on industry research, demand for construction materials specifically rock aggregates is forecasted to remain bullish in the long term. Given its existing massive finished goods stockpile of at least 1 million tons, ATN believes it is in a strong position to immediately cater to a significant portion of the market.
Aside from reported rock reserves of more than 200 million tons to sustain a 30-year market demand, and hollow blocks for a housing backlog of 5 million units, ATN is currently operating a crushing facility with an hourly capacity of 500 tons.
ATN recently commissioned its batching plant featuring a mixing efficiency of 60-cubic meters per hour to manufacture pre-mixed concrete products.
At the moment, ATN is actively engaged with strategic parties in the construction industry for potential supply arrangements, given the 2021 budget priority for the national government’s P1-trillion infrastructure spending.
“Our regular discussions with notable industry stalwarts underpin the extensive demand for our core products. To our favor, most of them have firmly indicated their voluminous rock supply requirements and intention to work with us,” Ng said.
“Nonetheless, while we aspire to be the premier construction material brand in the country, we also deeply regard ourselves as an inclusive partner of the government in nation-building and climate change resiliency development.”
Image credits: ATN Holdings Inc.
